Bitcoin on Wednesday, Dec 30, hit a record $28,599.99, taking gains this year past 295 per cent amid heightened interest from bigger investors. The world’s most popular cryptocurrency was last up 3.7 per cent at $28,375. Since breaking $20,000 for the first time on December 16, it has surged by nearly half. Bitcoin has increasingly seen demand from larger US investors, in particular, attracted by its perceived inflation-hedging qualities and the potential for quick gains, as well as expectations it would become a mainstream payments method.
Business & Economics
US-based mutual funds pull $1.3 billion out of bond funds
NEW YORK (TIP): Investors in US-based mutual funds pulled $1.3 billion out of bond funds in the week ended April 1 as tax deadlines approached for retail investors, data from the Investment Company Institute showed. […]
Perspective
Russia a sticking point in Indo-US defense ties
The US wishes to wean India away from Russian military hardware, but given India’s historic dependence on it, this may not be possible. CAATSA is likely to become a critical issue, forcing India to choose, […]
Asia
China helped Pak to block India’s NSG membership bid: Aziz
ISLAMABAD (TIP): Pakistan along with its “all-weather” ally China has successfully blocked India’s bid to become a member of the elite Nuclear Suppliers Group, Pakistan Prime Minister’s Advisor on Foreign Affairs Sartaj Aziz has said. […]
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